Home / Consumer Goods / Consumer Goods Feel Drag of 9.94% Decline in Fenix Parts Inc. (FENX) in Early Trading on September 23

Consumer Goods Feel Drag of 9.94% Decline in Fenix Parts Inc. (FENX) in Early Trading on September 23

Fenix Parts Inc. (FENX) started the trading day on a down note, making it one of the worst performing stocks in the consumer goods sector of NYSE and NASDAQ listed companies shortly after the opening bell on September 23. Shares of FENX have fallen 9.94% about 30 minutes into the session to $3.17 after closing the day prior at $3.52. It’s early, but the stock has traded as high as $3.79 and as low as $3.17 so far. Today’s quick decline has come with about 17,685 shares changing hands, compared to an average 30-day volume of 77,755 for Fenix Parts Inc.. The price is currently below the 30-day volume weighted average price of $3.3 for FENX.

The share depreciation gives the company a market capitalization of $70.25 million based upon 19.96 million shares outstanding. It also means that FENX has a price-to-book ratio of 1.11:1.

In the past 52 weeks, shares of FENX have traded as low as $2.94 and as high as $8.5. Technical traders will take note that at $3.17, shares of FENX are trading below their 200-day MA at $4.71 and below their 50-day MA at $4.33. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding below them is typically regarded as bearish.

Who is FENX?

Fenix Parts Inc is a recycler & reseller of original equipment manufacturer automotive products. It is engaged in auto recycling, which is the recovery & resale of OEM parts, components & systems reclaimed from damaged, totaled or low value vehicles. The company’s 665 employees are led by CEO Kent Robertson from the corporate headquarters at One Westbrook Corporate Center in Westchester, FL.

For more information on FENX and other companies trading on the major exchanges, as well as the over the counter markets, or to be considered for contributing content for our distribution network, visit FinancialPress.com today.

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